Entertainment - by Beau Rutland on Tuesday, November 25, 2008 10:02 - 1 Comment - 16 views

But If We’re All Poor, Who Will Buy My Modern Art?

It’s been two months since our lives were supposed to end and money matters are still getting more frightening each day. But where does that leave the art world? Sure, the status of the arts should be one of our least worries, but New York City is one of the world’s major centers of culture and we should start being more concerned.

Are our museums going to start closing and are the wealthy going to stop buying art? My fingers are crossed that they won’t but yes, some people are going to cut back on collecting. In keeping hope alive, Los Angeles billionaire Eli Broad recently wrote an inspiring op-ed piece in the Los Angeles Times asking his fellow Angelenos to step up alongside him and save the important and influential MOCA.

In a brand-new era where being frugal is considered chic, will the now-legendary Chelsea and still-fledgling LES contemporary gallery scenes merely shrivel or be obliterated altogether? I can’t imagine Chelsea disappearing and hopefully this crisis will hopefully be the forest fire that the overcrowded gallery scene desperately needs so that new, genuine work can spring up from its ashes. (Speaking of gallery closings, RIP Rivington Arms.)

As for museums, I can say without fear that the Met and MoMA are safe, for now at least. However, does the newly built New Museum have enough in the bank to keep it afloat? (Hell, Yes?) Will the Whitney be able to see their new downtown expansion to completion?

The worried future museum employee in me wants to gather some monographs, wrap up in a Works on Whatever towel and chant “I Am Making Art” or even teach a plant the alphabet until the (art) world is back in order. But who knows how bad it will get—maybe I’ll change my mind once we all start lining up for soup.

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1 Comment

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Carole Laventhol
Nov 26, 2008 9:33

One might look at this in another way. With all the very wealthy people in our country, and the Stock Markets plummeting, there could be a trend towards money being taken out of the Market, and invested in fine (I mean really fine), art.

After all, to some Art is like a religion. They revere art, and look to it to spiritually sustain them. Art, to some, attains the highest level of respect and admiration. We humans need SOMETHING to look up to, that moves our souls, and gives us a reason for living. For some, this is Fine Art. It is not always about the hype and the money.
Have faith. Art will always be with us.

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